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M-Payment: Nigeria Favours Consortium Option
Indications have emerged that the Central Bank of Nigeria (CBN) has frowned at bank-driven or telco-driven approach to mobile payment system in the country. Rather, the financial regulatory body may have settled for a consortium option.
We learnt exclusively that CBN has written to the banks, telcos and independent integrators that have submitted mobile payment applications licenses to repackage their bids, showing their banks, telcos and independent service operator partners.
However, CBN warned the applicants that their applications should not be telco-led.